CRAIN COMMUNICATIONS ACQUIRES MEXICAN BUSINESS PUBLICATIONS.
The acquired titles, purchased from Editorial Urbano (Mexico City), include the weekly El Asesor de Mexico and the bi-weekly El Asesor de Monterey, tabloids which cover local business news and developments in Mexico City and Monterey, respectively, and Velocidad Internet, a bimonthly magazine that covers the Mexican Internet industry. The Spanish-language publications are the first Cram products not published in English. The local news tabloids will become a part of Grain's regional business publications group, a unit that includes Crain's Detroit Business, Grain's Chicago Business, Grain's New York Business and Grain's Cleveland Business.
Crain senior vp/international Joe Cappo said "this is a fabulous time for us to move into Mexico. That country is entering a new era of political reformation and economic advancement and we want to be a part of it. This also will give us an opportunity to look for future growth opportunities throughout Latin America."
Crain has been involved in Latin America for the last ten years through the licensing of its U.S. publications to local publishers. The company currently has nine licenses in Brazil, Argentina, Ghile, Columbia, Venezuela and the Dominican Republic.
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|Comment:||CRAIN COMMUNICATIONS ACQUIRES MEXICAN BUSINESS PUBLICATIONS.|
|Date:||Feb 15, 2001|
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